Which of the following financial service company won the Celent Model Bank 2019 Award?

Current Affairs - 2019

AU Small Finance Bank

Fincare Small Finance Bank

Ujjivan Small Finance Bank

Equitas Small Finance Bank

Correct Answer : Fincare Small Finance Bank

Fincare Small Finance Bank (SFB) honoured with the prestigious Celent Model Bank 2019 Award in Financial Inclusion category, for 'Redesigning Lending to Reach Small Businesses'. The award recognizes LAP (Loans against Property) D.Lite, which is a tab-based solution designed and developed in-house by Fincare SFB for instant underwriting of loans against property targeted at micro and small enterprises. The Award was announced on its 12th anniversary in 2019 and was organized by Celent in New York. The other banks to receive the award in other categories were Bank of America, CIBC, Fidor Bank, HSBC, Rabobank, and Santander.

Published On : July 12, 2021

Recently Updated Current Affairs

Q .

Which organization approved the $188.28 million loan for Maharashtra's backward districts?

Reserve Bank of India

World Bank

Asian Development Bank

International Monetary Fund

Correct Answer : World Bank

The World Bank has approved a $188.28 million loan to Maharashtra, aiming to promote economic growth in the state's underdeveloped districts.

The loan is intended to enhance district-level governance, improve e-governance services, and foster private-sector engagement.

With the creation of a Maha Databank and an incentive framework for districts meeting performance targets, the project seeks to address challenges like gender disparities, fragmented governance, and poor data availability, thus driving inclusive growth in these backward districts.

Published On : December 7, 2024

Q .

What language is promoted through the newly launched PM e-VIDYA DTH Channel No. 31?

To promote a new sport

To develop a new language

Indian Sign Language

To promote the Indian Super League

Correct Answer : Indian Sign Language

The PM e-VIDYA DTH Channel No. 31, launched by Union Minister Dharmendra Pradhan, is dedicated to Indian Sign Language (ISL).

This initiative aims to bridge communication gaps for the hearing-impaired community and promote ISL as a recognized language.

The launch event included participation from hearing-impaired children, special educators, and ISL interpreters, underscoring the importance of inclusive education and communication.

Published On : December 6, 2024